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Trade

Sri Lanka's vital EU trade privileges hang in the balance

Dark human rights record could nix tax-free status in largest export market

The European Union will visit Sri Lanka next week to see if a desperately needed trading concession should be suspended because of a recent "U-turn" there on human rights. (Nikkei montage/Reuters)

COLOMBO -- When a special five-member European Union delegation arrives in Colombo on Monday, its review of a vital trade concession could lead to substantial export losses for Sri Lanka, which has already suffered a steep drop in foreign reserves.

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